The real reason the MACC froze UMNO accounts

TTF: Ever since news broke that the MACC froze UMNO bank accounts (see news item below), the grapevine has been abuzz with rumour that Dr Mahathir Mohamad is attempting to strangulate the party. According to ‘pundits’, the Prime Minister wants to deprive Dato’ Seri Dr Ahmad Zahid Hamidi of funds to ensure that Tengku Razaleigh Hamzah becomes the next UMNO president. Well, it is true that the Prime Minister does want Razaleigh to win the upcoming presidential election (READ HERE TO FIND OUT WHY). But that’s not why he got the MACC to freeze the party’s accounts.

The thing is, Mahathir has already thrown millions into the party’s youth and wanita wings to secure either Razaleigh’s or Khairy Jamaludin’s win. It does not matter to him if Zahid has a money pot hidden somewhere that will allow him to offer the duo a good challenge. As far as he’s concerned, Zahid no longer poses a threat to Razaleigh and is as good as gone from the party scene.

So why the freeze?

Well, both Mahathir and the MACC are trying hard to pin something on Dato’ Seri Najib Tun Razak. Having promised voters that Najib would be jailed for siphoning RM2.6 billion from 1MDB, the Prime Minister needs to tie some of that money to UMNO to convince voters that the money wasn’t a gift. As far as he’s concerned, if he can imply that the money found in Najib’s house came from the former premier’s men, nobody would believe that it originated from the government of Saudi Arabia even if you were to show them documents or produce the Saudi Prince right in front of them.

That, in essence, is why he got the MACC to freeze the accounts.

Like Najib, Mahathir is well aware that the party’s funds are parked largely in the accounts of trustees, nominees and proxies. It is the proxies he is after – by strangulating UMNO, he hopes that Najib’s proxies will “crawl out of the woodwork” and deliver funds to Zahid. The minute that happens, he will get the MACC to arrest those proxies on the pretext that the money they possess could have originated from 1MDB.

JOHOR BARU: Umno vice president Datuk Seri Dr Ahmad Zahid Hamidi has revealed that the Malaysian Anti-Corruption Commission (MACC) has frozen the bank accounts of its headquarters and Selangor branch.

“It is almost certain that after this, MACC will freeze Johor Umno’s account as well,” he said during in his speech during the state party Hari Raya gathering held here on Thursday (June 28).

Dr Ahmad Zahid also said that it was possible that Home Minister Tan Sri Muhyiddin Yassin would order the Registrar of Society to deregister Umno soon.

He also said there is no guarantee that anyone who win the posts of Umno president, deputy president, supreme council members and vice-presidents in the coming polls will not be investigated by the MACC.

Note: If everyone who likes our content helps fund it, it would help us bring more such content in the future. For as little as RM10, you can support The Third Force, and it only takes a minute. Click the donate button on the top right or follow the linkHEREif you intend to make a contribution. Thank you.